All of the Following Situations Contribute to the Need for a Company

question 28

Multiple Choice

All of the following situations contribute to the need for a company to recognize deferred revenues, EXCEPT for

• A) partially executed contracts between buyers and sellers.
• B) the requirement by sellers for the prepayment of goods and services.
• C) mutually unexecuted contracts between buyers and sellers.
• D) the seller has collected a deposit but not yet met the criteria for revenue recognition.